Powered by MOMENTUM MEDIA

Investors join forces for holiday homes

By webmaster 27 January 2011 | 1 minute read

Investors are increasingly considering the benefits of co-ownership, particularly when it comes to buying coastal properties.

New research from Richardson and Wrench found that owners of luxury holiday homes in Noosa stayed, on average, for 9.5 nights up to five times per year -  a trend that they say fits the co-ownership model, whereby  purchasers share access to a property.

Richardson and Wrench Noosa principal Jennifer Carr said there was still solid demand for Noosa holiday homes – particularly on the waterfront – with astute buyers considering co-ownership as a viable alternative to outright ownership.

“The idea of co-ownership is attracting attention from a range of buyers, and as a result, one of Noosa’s newest prestige developments - Sandpiper - has adopted this innovative scheme,” she said.

“Co-ownership helps buyers match their level of investment to their level of personal usage -  it gives them 100 per cent of the luxury lifestyle,  for only a portion of the cost.”

Advertisement
Advertisement
Investors join forces for holiday homes
default
spi logo

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.